EU Seeks More Ukraine Aid From Canada, UK as Kyiv Faces €70 Billion Funding Gap
Brussels wants partners to help fill a €70 billion gap as officials seek a deal before year-end and say the effort is broad burden sharing.
- On Wednesday, EU Council President António Costa urged international partners to close a €70bn funding shortfall for Ukraine in 2027, after President Volodymyr Zelensky warned that total war-related spending will reach €155bn.
- Brussels previously agreed to a €90bn loan covering 2026 and 2027, meant to meet two-thirds of Ukraine's financing needs, but the remaining third from international partners is currently secured only for 2026.
- EU member states have provided 80 percent of external aid to Ukraine; Costa reported €16bn disbursed this year, with another €17bn potentially available pending anti-corruption reforms.
- Ahead of the EU-UK summit on November 20, European Commission official Maroa indicated on Monday that Britain will be asked to increase funding to Ukraine.
- Victory relies on political will, European Commission President Ursula von der Leyen told MEPs on Wednesday, emphasizing that both the EU and international allies must sustain support for Ukraine against Russia.
63 Articles
63 Articles
Bulgaria said last week that its refusal to participate in the new financial aid to Ukraine . Now it is Hungary, the Czech Republic and Slovakia that have made it clear in Brussels that they do not want to secure the new EU loan for Ukraine and are putting the budget negotiations under great pressure . In addition to a break in the unity of the European stance towards Ukraine, this opposition is generating unrest among the region’s neighbours, m…
Hungary's refusal to join Ukraine loan could cost valuable EU funds
Hungary could face a fresh dispute with major European Union member states over its decision to stay out of a proposed EUR 45 billion loan for Ukraine, as disagreements over Kyiv’s financing threaten to spill into negotiations on the bloc’s next long-term budget.Continue reading
Hungary, the Czech Republic and Slovakia do not want to secure the new EU loan for Ukraine. The demand is straining the budget negotiations.
The EU will seek additional financial assistance from Canada and the United Kingdom for Ukraine; a loan of Euro90 billion covers only two thirds of Kiev's needs for 2026-2027.
The EU is increasing pressure on allies to contribute more to Ukraine. We can't do it all alone, say European leaders. New figures show who is contributing the most.
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